This study uses a sample of Canadian natural resource firms during the global financial crisis (GFC) of 2007-2008 to examine the influence of firm hedging strategies on their working capital management. Our evidence implies that increased cash holdings and derivatives are alternative ways of...

This paper discusses the DCF method for valuation of companies: (i) having enormous investments in OWC resulting from e.g. the length of the operating cycle, the size of operations, high variability of operating cash flows, (ii) being young thus having minor profits and keeping investments in...

Objective: The objective of the article is to empirically investigates the role played by financial development in determining the relationship between working capital financing and firms' performance. Research Design & Methods: Employing data of publicly listed manufacturing firms in five ASEAN...

Corporate Social Responsibility (CSR) typically is assumed to occur outside of firms' core operations, that is within context of responsibility for the environment and social contracts. Within this traditional context, CSR consists primarily of application of corporate profits to management of...

The purpose of this paper is to investigate the relationship between working capital management efficiency and performance of construction companies listed in the Kuwait Stock Exchange. The relationship is examined using dynamic panel data two- steps robust system estimation for the period...

The purpose of this paper to investigate the efficiency of working capital management and its impact on small firm's liquidity, profitability and operating cash flows. Small firms have a considerable amount of fund tied up with current assets and faced with difficulties to access external fund...

It is undeniable that firms cannot survive and continue their daily operations without sufficient level of the working capital. The crucial part of working capital is the management of working capital since it affects both liquidity and profitability of the firms. Determining the important...

Experts say that the goal of working capital management should be to enable a firm to maximize profits of its operations while meeting both short term debt and upcoming operational expenses, i.e. to preserve liquidity. But increasing profitability would tend to reduce firms' liquidity and too...

This paper aims to examine the impact of working capital management on the sustainable performance of firms. The regressions were applied by using the sample of non-financial UAE companies listed on Abu Dhabi Stock Exchange (ADX) during the period of time between 2014 and 2019. The empirical...

This paper analyze the impact of working capital management particularly working capital and capital structure on banking profitability. We apply panel estimation on monthly data over 105 banks during the period of 2003–2013, covering State-owned Bank, Foreign Exchange Public Bank, Non Foreign...